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Paul Krugman Quotes: Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.
         

Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.


Paul Krugman
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Rising inequality isn’t about who has the knowledge; it’s about who has the power.

Rising inequality isn’t about who has the knowledge; it’s about who has the power.



Bad ideas flourish because they are in the interest of powerful groups.

Bad ideas flourish because they are in the interest of powerful groups.



A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble

A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble



Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.

Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.



So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.



Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.

Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.



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There are no atheists in foxholes and there are no libertarians in financial crises.



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We should try to create the society each of us would want if we didn't know in advance who we'd be.



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Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.



If you want to understand opposition to climate action, follow the money.

If you want to understand opposition to climate action, follow the money.





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So it's off with the shellsuit and on with the Armanis, Bring out the champagne and the caviar sarnies

So it's off with the shellsuit and on with the Armanis, Bring out the champagne and the caviar sarnies



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The more highly public life is organized the lower does its morality sink.



One half was like, I hope this doesn't affect it, and the other half was like, it's great that people know I did a Beyoncé record.

One half was like, I hope this doesn't affect it, and the other half was like, it's great that people know I did a Beyoncé record.



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Every night I talk to God, but he don't say nothing back. I know he protecting me, but I still stay with my gat.



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Find the trend whose premise is false, and bet against it.



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Miracles never cease to amaze me. I expect them, but their consistent arrival is always delightful to experience.



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So the heart be right, it is no matter which way the head lieth.

So the heart be right, it is no matter which way the head lieth.




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This page presents the quote "Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.". Author of this quote is Paul Krugman. This quote is about painful, goes on, thinking,.